ACEA statistics show 15-year low in European market. - European registrations of new passenger cars (EU+EFTA) fell by 7.8% in 2008, compared to figures for the previous year. 14,712,158 cars were registered in 2008 as opposed to 15.7 million in 2007. The European Automobile Manufacturers' Association (ACEA) published its new figures last Friday which illustrated the steepest fall since 1993. New car demand dropped by 8.4% in Western-Europe, with the downturn most prominent in the last...